Shemiran Trade

The Puget Sound area has been thriving in terms of new developments, due to massive increases in office space in the Denny Triangle where Amazon is driving growth, as well as the rise of South Lake Union as one of the hottest development spots in the entire Pacific Northwest. Now, with office projects taking off left and right, and the multifamily development pipeline ready to go until 2015 and beyond, it’s now another sector’s turn to take the spotlight. Two new hospitality projects were announced recently with an aging property in Belltown ready to be turned into a high-end property, while a brand new project will take shape in Seattle’s downtown area.